Wood & Panel

John Deere acquires Kreisel Electric improves logging

 Thursday, February 10, 2022

Logging process is further simplified by John Deere on acquiring majority ownership in Kreisel electric. Kreisel, one of the battery technology providers based in Rainbach im Mühlkreis, Austria is popular for making high-density, high-durability electric battery modules and packs. Also, Kreisel has developed a charging infrastructure platform (CHIMERO) that utilizes this patented battery technology.



John Deere sees demand in growing for batteries as a sole- or hybrid-propulsion system for off-highway vehicles. Products in Deere’s portfolio such as turf equipment, compact utility tractors, small tractors, compact construction, etc equipment could now rely solely on batteries as a primary power source. Deere intends to continue to invest in and develop technologies to innovate, deliver value to customers, and work towards a future with zero emissions propulsion systems.

The majority investment in Kreisel Electric will allow Deere to optimally integrate vehicle and power train designs around high-density battery packs while leveraging Kreisel’s charging technology to build out infrastructure required for customer adoption.  “Kreisel’s battery technology can be applied across the broad portfolio of Deere products, and Kreisel’s in-market experience will benefit Deere as we ramp up our battery- electric vehicle portfolio. Deere will provide the expertise, global footprint, and funding to enable Kreisel to continue its fast growth in core markets,” said Pierre Guyot, Senior Vice President, John Deere Power Systems. “This is an opportunity to invest in a company with unique technology that’s designed for the demanding conditions where Deere customers work.  “Furthermore, building an electrified portfolio is key to John Deere’s sustainability goal of pursuing new technologies that reduce the environmental impact of new products and work toward zero emissions propulsion systems on equipment, while increasing our customers’ efficiency and productivity.”  Kreisel Electric will retain its employees, brand name, and trademark, and continue to operate from its current location in Austria to serve its growing customer base.


The company was founded by brothers Johann, Markus, and Philipp Kreisel, and has approximately 160 full-time employees.   In a joint statement, Johann, Markus, and Philipp Kreisel said the Kreisel team looks forward to expanding its base business, leveraging the Deere channel to accelerate adoption of battery-electric vehicles and charging stations, and working with Deere’s vehicle design teams on product advancements.



Tags: , , , , , , ,

Comments are closed.

Read Magazine Online

Subscribe to our Newsletters

I want to receive wood industry news and event update from Wood & Panel. I have read Wood & Panel Privacy Notice.

Our Partners

LINKEDIN